Prudential Financial (PRU) reported a marginal decline in its total revenues from $16.9 billion in 3Q16 to $16.3 billion in 3Q17, which is primarily due to declining premiums. The company garnered premiums of $7.8 billion in 3Q17 compared with premiums of $9.6 billion in 3Q16.
Prudential Financial reported a marginal decline in its policy charges and fee income to $1.50 billion in 3Q17 from $1.54 billion in 3Q16.
Prudential Financial (PRU) has reported earnings per share (or EPS) of $3.01 in 3Q17, which beats the Wall Street analysts’ estimate of $2.71. The company reported a rise in asset management and service fees, which is a component of the company’s total revenues.
Prudential Financial reported asset management and service fees of $1.0 billion in 3Q17 compared to $955.0 million in 3Q16. The company has also reported a substantial increase in total realized investment net gains from $813.0 million in 3Q16 to $1.6 billion in 3Q17.
Prudential Financial reported other income of $327.0 million in 3Q17 compared to a loss of $55.0 million in 3Q16.